What is Corporate Social Responsibility (CSR)

Corporate social responsibility (CSR) refers to a company’s commitment to operating ethically and responsibly by considering the environmental, social, and economic impacts of its actions. It entails integrating sustainability into business operations and decision-making processes to benefit society as well as the bottom line. CSR initiatives may include philanthropy, environmental conservation efforts, ethical labor practices, community engagement, and diversity and inclusion programs. By embracing CSR, companies strive to contribute positively to the communities in which they operate, build trust with stakeholders, enhance brand reputation, and create long-term value. Ultimately, CSR represents a proactive approach to corporate citizenship, demonstrating a company’s dedication to making a meaningful difference beyond profit maximization.